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An announcement from China Hongqiao Group Ltd. ( (HK:1378) ) is now available.
Shandong Hongqiao New Material Co., Ltd., a key subsidiary of China Hongqiao Group Limited, has disclosed its unaudited consolidated balance sheet and income statement for the first quarter of 2026, prepared under PRC generally accepted accounting principles. The filing, translated from Chinese for investors, shows total assets of about RMB 224.4 billion and total shareholders’ equity of roughly RMB 131.9 billion, but the company emphasizes that these figures are based on internal management accounts and have not been reviewed or audited by external auditors.
The announcement highlights a reduction in total liabilities to around RMB 92.6 billion from RMB 101.4 billion at the beginning of the period, alongside an increase in equity attributable to the parent, suggesting some deleveraging and strengthened capital position at the subsidiary level. However, the board cautions investors not to place undue reliance on the first-quarter financial data and to exercise care when dealing in the company’s shares, underlining that the disclosure is voluntary and aimed at improving transparency for bond and equity market stakeholders.
The most recent analyst rating on (HK:1378) stock is a Buy with a HK$45.00 price target. To see the full list of analyst forecasts on China Hongqiao Group Ltd. stock, see the HK:1378 Stock Forecast page.
More about China Hongqiao Group Ltd.
China Hongqiao Group Limited is a Cayman Islands-incorporated company engaged in the production of aluminum and related new materials through subsidiaries such as Shandong Hongqiao New Material Co., Ltd. The group focuses on the PRC market, where it issues medium-term notes, short-term financial bonds, and corporate bonds to fund its operations and growth in the aluminum and new materials sector.
Average Trading Volume: 43,799,037
Technical Sentiment Signal: Buy
Current Market Cap: HK$347.7B
For a thorough assessment of 1378 stock, go to TipRanks’ Stock Analysis page.